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Dirty market rates lure LR2 owners

Asian dirty aframax rates have also surged recently, tempting LR owners to switch to dirty cargoes

Tankers and Gas Freight rates

Scorpio Tankers buys 19 product tankers from Trafigura

Trafigura buys $135m stake in Scorpio Tankers and offloads $668m loan on the vessels

International Scorpio Tankers

Boutique finance firm FDX Offshore buys out Womar

Chief executive officer Hans van der Zijde alluded to the fact that the move was partially driven by the sale of its partner BW Group’s chemical tanker fleet earlier this year

International Tankers and Gas

Hafnia bets on spot market as rates soar

Demand for product tankers will improve in the final quarter of the year as IMO 2020 regulations set in, chief executive Mikeal Skov says

Tankers and Gas Freight rates

Saudi drone attack seen boosting tanker earnings

With no expected increase in Saudi exports in the fourth quarter, Asian refiners are seen increasing crude imports mainly from the Atlantic Basin

International Tankers and Gas

New maritime fund on investment trail

Private equity outfit Dee4 Capital Partners has set itself the target of creating a relatively small fund size, not exceeding $100m, and deploying the capital raised within a two-year investment period

Finance Ship operations

Hafnia posts profit after BW merger

In its first quarter as a merged firm, Hafnia grows fleet and sees revenues spike

BW firms Products

Eastern Pacific confirms order for eight product tankers

The company is optimistic about the product sector and the long range two newbuildings with exhaust gas cleaning systems installed will put them in a good position to capitalise on the market

Asia Pacific Tankers and Gas

IMO 2020 brings cheer to product tanker market

Basic supply-demand balance has reached a tipping point in the product tanker market and IM0 2020 is just the icing on the cake, or perhaps several layers of icing on the cake, Stifel says

International Tankers and Gas

Tsakos Energy Navigation agrees product tanker charters

Double 36-month charter with anonymous oil major will generate a minimum of $33m in gross revenues

Energy Finance

Hafnia Tankers agrees merger with BW Tankers

Hafnia shareholders have to approve a merger plan that would give them common shares of par value $0.01 for each BW Tankers share

BW firms Products

Lloyd’s List Outlook 2019: Product tankers

Nascent recovery in product tanker market will be put to the test in 2019

International Annual Outlook
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